Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Chevron Corporation (CVX) Share Price
Media stories about Chevron Corporation (NYSE:CVX) have trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Chevron Corporation earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media coverage about the oil and gas company an impact score of 46.2545946982411 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Metal Working Oil Market 2017 – Chevron Corp., Albemarle Corp., Carl Bechem GmbH (sbwire.com)
- Noteworthy Friday Option Activity: PH, CVX, WYNN (nasdaq.com)
- Total Reaches Agreement With Chevron for Gulf of Mexico Exploration (finance.yahoo.com)
- Chevron Hit Hard In Canada: Major Indigenous Leaders Back Collection of $12b Ecuador Pollution Judgment (csrwire.com)
- North Sea Oil Sees Investment Rush (finance.yahoo.com)
Shares of Chevron Corporation (NYSE:CVX) traded up 0.70% during mid-day trading on Friday, reaching $117.29. 5,307,066 shares of the company’s stock were exchanged. Chevron Corporation has a one year low of $97.79 and a one year high of $119.00. The company has a 50 day moving average price of $109.87 and a 200-day moving average price of $107.14. The stock has a market cap of $222.26 billion, a PE ratio of 38.03 and a beta of 1.23.
Chevron Corporation (NYSE:CVX) last released its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.02. Chevron Corporation had a net margin of 4.50% and a return on equity of 4.13%. The firm had revenue of $34.48 billion for the quarter, compared to analysts’ expectations of $32.77 billion. During the same quarter in the previous year, the company earned ($0.78) earnings per share. The company’s revenue for the quarter was up 17.8% compared to the same quarter last year. On average, analysts predict that Chevron Corporation will post $3.86 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, August 18th were given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date was Wednesday, August 16th. Chevron Corporation’s payout ratio is 140.26%.
Several equities research analysts recently issued reports on CVX shares. BidaskClub cut Chevron Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. Piper Jaffray Companies set a $119.00 price target on Chevron Corporation and gave the company a “buy” rating in a research note on Friday, August 25th. Wells Fargo & Company downgraded shares of Chevron Corporation to an “outperform” rating and lowered their price objective for the company from $124.00 to $102.00 in a research report on Monday, July 17th. Jefferies Group LLC set a $130.00 price objective on shares of Chevron Corporation and gave the company a “buy” rating in a research report on Tuesday, August 29th. Finally, Vetr upgraded shares of Chevron Corporation from a “buy” rating to a “strong-buy” rating and set a $120.37 price objective for the company in a research report on Thursday, June 15th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Chevron Corporation presently has a consensus rating of “Buy” and an average price target of $116.88.
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In other news, insider James William Johnson sold 31,000 shares of Chevron Corporation stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $110.68, for a total transaction of $3,431,080.00. Following the sale, the insider now owns 11,000 shares of the company’s stock, valued at approximately $1,217,480. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Patricia E. Yarrington sold 39,000 shares of Chevron Corporation stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $111.00, for a total transaction of $4,329,000.00. Following the sale, the chief financial officer now directly owns 43,838 shares in the company, valued at approximately $4,866,018. The disclosure for this sale can be found here. Insiders sold 72,312 shares of company stock worth $8,008,343 in the last 90 days. Corporate insiders own 0.38% of the company’s stock.
About Chevron Corporation
Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in integrated energy and chemicals operations. The Company operates through two business segments: Upstream and Downstream.
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